Global Refurbished Medical Devices Market is estimated to be US$ 31.2 billion by

Posted by NISHA SHAHA on November 29th, 2021

The Global Refurbished Medical Devices Market accounted for US$ 10.5 billion in 2020 and is estimated to be US$ 31.2 billion by 2030 and is anticipated to register a CAGR of 11.8%.Needles are sterile devices that used to inject medication solutions into the body. It is also used to isolate numerous types of body fluids, include blood from veins and tissues from swollen joints. Needles are made up of plastic, glass, stainless steel and PEEK materials with a pointed tip. Moreover, it is segmented on the basis of mode of administration and has broad therapeutic application. Constant product launches and rising acquisitions and mergers between manufacturers of needles and government associations are a major trend in the Global Refurbished Medical Devices Market.

The report “Global Refurbished Medical Devices Market, By Product (Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiovascular & Cardiology Equipment, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

Key Highlights:

• In 2020, Siemens Healthineers (Germany) and Hamilton Health Sciences (Canada) have signed a 15 years contract which will be extended by another 10 years to supply comprehensive services for the newest imaging equipment at Hamilton Health Sciences hospitals in Canada. The deal size was approximately USD 192 million.
• In 2019, US Med-Equip (US) acquired Medical Support Products (US) to extend the potential, national expansion, and supply greater product and repair solutions across the US.
• In 2018, Koninklijke Philips (Netherlands) acquired AGITO Medical (Denmark), strengthening its refurbished medical equipment portfolio of products, parts, and services.

Analyst View:

The rise in number of new hospitals that are electing for alternate options to cut down on the investments of money. Using refurbished devices can be affordable and available for also below economy class people. This is the major propelling factor for the growth of the target market. Rise in advancement and increasing the emerging technologies, the trend of using affordable buying devices that is refurbished medical devices has been an increasing which is the boosting factor for the growth of the target market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Refurbished Medical Devices Market, By Product (Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiovascular & Cardiology Equipment, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Refurbished-Medical-Devices-Market-4217

Key Market Insights from the report:

The Global Refurbished Medical Devices Market accounted for US$ 10.5 billion in 2020 and is estimated to be US$ 31.2 billion by 2030 and is anticipated to register a CAGR of 11.8%. The Global Refurbished Medical Devices Market is fragmented on the basis of product, and region.

• By Product, the Global Refurbished Medical Devices Market is segmented into Medical Imaging Equipment, Operating Room & Surgical Equipment, Patient Monitors, Cardiovascular & Cardiology Equipment, and Others.
• By region, the Global Refurbished Medical Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is expected to dominate the target market over the forecast period due to increasing incident of the various chronic disease.